Course Code: MP3
Category: Project Management, Contract Management and Evaluation
Dates, Venues & Fees:
Jan 13-Jan 24| Dubai | $5,950.00
Apr 13-Apr 24| London | $6,500.00
Sep 14-Sep 25| Maryland | $6,500.00
Duration: Two Weeks
Course Overview
Effectively managing Tenders, Specifications and Contracts form a critical part of all successful organizations. This course explores the best tools and practices of identifying and using the most appropriate procurement strategy and discusses the efficient ways of developing tender documentation, criteria and evaluation. The course explores key issues that affects both sides in the tender transactions, ensuring financially prudent value-for-money tendering process that is rewarding to the organization as well as the vendor/supplier. This course will provide delegates with the skills and expertise required in tendering and contracts to enable them create real value for their organizations, operate effectively in the modern commercial environment, thereby positioning themselves as indispensable assets to their organizations in the Bid and Tender process.
Target Audience
This Managing Tenders, Specifications and Contracts training course is designed for:
- Contract Professionals and Administrators
- Contract Analysts and Engineers
- Procurement Professionals, Managers and Officers
- Vendors and Suppliers
- Supply Chain Professionals
Course Outcomes
By the end of this course, delegates will gain knowledge and skills to:
- Develop and implement strategic procurement plans
- Learn procurement planning and practices
- Make risk assessment and management
- Organize and manage procurement activities
- Engage and manage stakeholders
- Write specifications and terms of reference
- Learn the various selection methods
- Understand commercial and legal considerations in negotiations
- Apply successful negotiations and bargaining methods in procurement negotiations
- Manage team negotiation work
- Measure and manage performance of major contracts
- Confidently and appropriately apply protocol formulas in the most complex and critical situations
- Create realistic budgets and control costs
- Manage and effectively deal with unexpected emergences and other issues
Key Course Highlights
- Strategic procurement planning
- Planning for significant procurement
- Integration of procurement plans with organizational and financial strategies
- Sustainable procurements specifications
- Supplier research and market analysis
- Evaluating bids and proposals
- Contract approval process
- Contract award and management
- Performance monitoring
- Dispute management
- Financial analysis principles and tools
- Price and cost analysis
- Key Performance Indicators
- Ethics and integrity in procurement